US EditionJob Market Wobbles with Higher Layoffs and Cooler Hiring
- Layoffs reached over 153,000 in October, the highest count for that month since 2003, according to Challenger, Gray & Christmas.
- Job postings have declined to the lowest level since 2021, as reported by Indeed’s Hiring Lab.
- Despite low unemployment rates, new job openings are rare, creating a 'low-hire, low-fire' atmosphere.
- Officials are focusing on maintaining the labor market over addressing inflation, which is above the 2% target.
11 Articles
11 Articles
The U.S. economy lost jobs in October due to losses in the government and retail sectors, while the cost reduction and adoption of Artificial Intelligence (IA) by companies led to an increase in announced layoffs, according to data published yesterday.Reports, including an estimate from the Federal Reserve (Fed) in Chicago that indicates that the unemployment rate rose slightly last month compared to September, would suggest at first sight a det…
Chocolate (Stock) Still Sweet Amid Market Defeat
Chocolate makers really do have ideal business models. Their products are both recession-proof and future-proof. They make guilty little pleasures, appealing to your sweet tooth. Consumers splurge on them as impulse buys in the supermarket checkout line. Their products are affordable and quickly consumed. Even in a rough economy, you’re going to have enough money to treat yourself to a chocolate bar. And even if AI puts all of us out of work (he…
US stock market values tumble amid reports of high layoffs and hiring freezes
The S&P 500 index fell 1% as the government shutdown left investors ‘groping around in the dark’ for up-to-date data Fears that the US economy is slowing, with firms shedding jobs and imposing hiring freezes, sent Wall Street tumbling on Thursday. The S&P 500 index of leading firms was down 1% as investors also highlighted concerns about the potential for a slump in the value of businesses that have benefited from huge investments in artificial …
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